The Australian financial advice profession has halved in size over the past three years, with regulatory reform and education standards commonly cited as causes. This study examined whether psychosocial stressors also contribute to adviser attrition. Using the Copenhagen Psychosocial Questionnaire (COPSOQ) and the Vicarious Trauma Assessment (VTA), results showed that 28% of advisers reported burnout and 24% reported vicarious trauma—levels comparable to frontline helping professions. Advisers experienced significantly higher quantitative and emotional demands, and greater work-life conflict, than Australian white-collar norms. While job resources such as autonomy, peer support, and development opportunities were protective, correlations confirmed that heightened demands were strongly associated with burnout and trauma. Qualitative data underscored the compounding effects of regulatory burden, mistrust, and compliance overload on adviser wellbeing. These findings suggest that vicarious trauma and burnout are overlooked factors in the profession's rapid contraction. To date, their role in workforce decline remains empirically untested, underscoring the need for longitudinal research and targeted interventions.